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Tesla Completes First Cybertruck After Two-Year Delay

plant in Austin, Texas, completing the milestone two years behind schedule.

Tesla chief executive officer (CEO) Elon Musk first announced the futuristic looking electric pick-up truck to great fanfare in 2019.

The company had initially promised that the Cybertruck would be available to buy in 2021. But Tesla has repeatedly pushed back production, citing global shortages of components.

In May of this year, Musk said that Tesla plans to eventually produce 250,000 Cybertrucks each year, depending on consumer demand for the unusual looking vehicle.

The Cybertruck is expected to compete against other electric pick-up trucks from Ford Motor Co. (F) and Rivian Automotive (RIVN), both of which have already launched electric models.

Tesla now says that the Cybertruck should enter mass production by the end of this year.

The stock of Tesla has increased 17% over the last 12 months and currently changes hands at $281.38 U.S. per share.